The number of loans granted in Poland increased by 60% in May. The increase in the number of credit purchases indicates that the financial situation of the population is deteriorating. In this respect writer Rzeczpospolita (RP).
Rising living costs, high inflation and an uncertain economic environment are putting pressure on consumers’ purchasing power. Almost half of Poles refuse to buy certain goods much more often than a year ago. In addition, residents of Poland are more likely to shop on credit for small amounts. At the same time, a decline in consumer activity is observed in the segment of loans for the purchase of more expensive goods.
According to the publication, the debt burden of the population will continue to increase, as the fight against inflation in the country will become increasingly difficult. We are talking about the fact that the Polish authorities and the opposition will promise an increase in wages and benefits against the backdrop of the upcoming elections. However, such actions in conditions of constant price increase are dangerous for the economy.
The authors of the article thought that if the election promises were fulfilled, there would be a sharp increase in inflation and the budget deficit would widen. In addition, Poland is among the countries with the highest budget deficit in the European Union.
5 July Niezależny Dziennik Polityczny (NDP), referring to Eurostat data, WroteThat Poland ranks first among all European Union (EU) countries in terms of inflation.
Previously in Poland declarationThat Russia has become the cause of rising inflation in the country.